If you are profitable and would like to make extra payments at any time to reduce interest and loan term, you have the option to do so. 

The bad news is that your idea has a few major flaws besides the fact that you absolutely must disclosure your intent to any landlord according to the 2020 IL TLRO Tenant Landlord Residential Lease Ordinance - the most obvious of which is that you are leaving yourself as an individual open to enormous personal liability.

So it's all in those extra details as to what the numbers will be.

I know it's extra work for you, which I *totally* appreciate, but I'd like you to start from scratch with a new lender, these rates are EVEN LOWER than before, by a LOT, and I want to take advantage of that.

Do they come with extra fees?

But he knew what he was getting into and would be the first to tell you he can never finance it or sell it in all likelihood.If the lot rents in that market were $400 per month, the numbers would change enormously.

There's no escaping the fact that Airbnb is an enormous marketing engine that will drive the majority of your business.

Personally I want to see a sponsor that has gone through at least one full real estate cycle with little to no money lost, uses conservative leverage and projections, put significant skin in the game and has competitive/reasonable fees and splits.The thing is that the majority of these really experienced sponsors have built up very enthusiastic investor bases over time, so they are generally not going to crowdfunding sites (where they would have to pay an extra fee) or spending time on forums.

FHA sounds real nice due to the low down payment which is what i'm after so i can use the extra money to "update" the home, but i'm worried that the homes i'm looking for wont pass inspections with FHA.

I would appreciate anyone you could get me in touch with.I don’t mind hustling extra hard.